Kiplinger

5 Financial Tips for New Parents

My wife and I welcomed our third child in April -- and our third boy! And while we have a lot of experience caring for newborns, another child means we needed to adjust our finances, yet again.

But this time around we anticipated some major expenses and planned ahead. For example, we knew months ago we'd need a new vehicle with three rows to accommodate everyone. So we bought a new minivan in December, believing that we'd get a much better price buying in December than in most other months.

New parents spend the vast amount of their initial months caring for their new infant's physical needs -- as

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